Posted: Sun, Dec 24, 2017, 4:01 PM ET (2101 GMT)
A Senate committee Tuesday blocked the White House's nominee to be chairman of the Export-Import Bank, while approving four other board nominees. Two Republicans on the Senate Banking Committee joined the committee's Democrats in voting against Scott Garrett to chair the bank's board. They argued that Garrett, an outspoken critic of the bank when he served in the House, was the wrong choice to lead the export credit agency. The other four board nominees passed by wide margins and await confirmation by the full Senate. The board has been without a quorum for more than two years, preventing it from approving large deals, including those for commercial satellites and launches.